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20121201
20121231
Search Results 0 to 11 of about 12 (some duplicates have been removed)
cuts, higher taxes and pro-growth initiatives doesn't come into play anymore in washington. too many pledges, too much ideology. i l am part of the 2% that's going to have to pay more. i have the highest effective tax rate possible, 48% for a variety of reasons. but i am willing to pay more because i used to pay more at one time and i'm grateful for what this country has done for me. i know that those of us are lucky enough to have done well in this country have had a really good run and it's time to show gratefulness, even if we think the government may be profligate with our money. enough already! i want others to do well too. so don't get the idea -- i'm not against the next guy doing better. the idea is that the small business person that everyone claims to be looking out for and the middle class people everyone pledges to, they do need a chance. but here's what the polls are missing, we are seeing rumblings if washington would stop intruding and go away and agree to a sacrifice. i know some are saying the president's taking a hard line. and i was none too happy with the press co
in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differently. that's the way people are talking in washington about this fiscal cliff. feeling as if this thing suddenly got off the rails. take a listen to mitch mcconnell last night talking about the pace of the negotiations here and the frustration that he's experienced going through all of this over the weekend. take a listen. >> now, i'm concerned about the lack of urgency here. like we all know we're running out of time. this is far too much at stake for political gamesmanship. we need to protect the american families and businesses from this looming tax hike. everyone agrees that that action is necessary. >> so now all eyes are focused on the senate for 11:00 this morning when they do reconvene. there were reports
of 98 points at 13,252. once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp fund and our own rick santelli and joe greco from meridian equity partners finishing up his trades and will join us momentarily. good to see everybody. michael, let me kick it off with you. i know it's really hard to navigate every day because every day there's a new expectation in the market, but it felt like today was about the fiscal cliff. if we go over the fiscal cliff with no deal, is that a significant issue for the markets early january? >> if we go over the fiscal cliff without a deal, we're probably looking at a 6%, 7% correction and then in my view you load up on equities. you know, maria, we're starting to put a littl
out earlier today and saying no progress has been made in the negotiations. our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income tax relief are the repub
coverage live from washington. mission critical, rise above d.c., all day long. becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much better. they're still 35% chance it will not happen. it's not exactly confidence building. >> not necessarily confidence building. always interesting to me how people can put percentage chances on anything like this. seeing how difficult it is and how the story changes to a certain steextent each day. who knows what's going to happen. >> public care, confidence numbers, spending, any relationship to the fiscal cliff at five. >> i don't know. i just don't know. i think anecdotally, from what i have been able to observe, no. but i can't speak for that. the journal today has the lead stories of consumer spending starting so slow. and in part, they cite the fiscal cliff. i think if you were out there, you would get answers that would not necessarily de
of the market is much better than the tone out of washington. like i said, there's always ait. right here on "mad money." i'm jim cramer and i'll see you tomorrow. >>> good evening, everyone. i'm larry kudlow. so a crucial moment for our economy and for our right to bear arms. high drama on capitol hill right now as house republican speaker john boehner looks to pass his plan b fiscal cliff bill in a million dollar tax threshold. votes aren't there yet. that's why we are following this live through the whole thing this evening. >>> and as the president's new anti-gun violence task force starts work, we learn that now outside experts have yet joined that panel. meanwhile, the debate on gun control rages across the country. tonight we will hear from outspoken tv host piers morgan and former new york mayor rudolph giuliani. "the kudlow report" begins right now. >>> first up, the latest on the vote of plan b. the plan b bill sponsored by john boehner that may decide how deep into january they have to go for a solution. may decide the fate of the economy and the stock market and decide the fat
on in town. in washington news, both parties hinting at renewed talks on the fiscal cliff. the acknowledgement of open lines of communication passed for encouraging news. a new survey finds more than 60% of leading investment professionals predict a shorp stock decline in the market if the government fails to come up with a deal. in this case defined as a more than 10% drop in the dow. 56% surveyed foresee a deal to avoid the cliff by year end, 44% predict failure in the ongoing negotiations. as for corporate america, through yesterday's close, there have been # 70 announcements of special dividends. these special difference deebds are valueded a more than $30.1 billion. among the latest names, mcgraw hill will pay a special dividends of $2.50 a share before year end. and drop its previously announced plan to buy back up to $200 million more of stock this year. >> everybody's paid their dividends this year, so they won't be paying them next year. >> this is a major issue. what's going to happen is -- we have two great economists onset. but that money will get annualized, s
are headed to washington. let us know what's happening. >> he's going to fix it. >> we're going to have pizza. >> make sure you join us tomorrow. "squawk on the street" is next. ♪ >>> led zeppelin to wash away monday blues. congrats to the band for winning kennedy center honors last night. welcome to "squawk on the street." i'm carl quintanilla along with jim cramer, david faber live at nyse. melissa will join us in the next hour. we're kicking off the month of december with strength. anticipating good auto numbers today. greece unveiling that $10 billion eurobond buyback. a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even
. this meeting came after a day of frustration in washington as both sides criticized each other for lack of progress. >> republicans want to solve this problem by getting the spending line down. the president wants to pretend the spending isn't a problem. that's why we don't have an agreement. >> speaker boehner can't ignore the american people forever. at some point, reality should set in. the only question is how much financial stress middle class families and our entire economy will have to endure during this process. >> well, the clock is ticking. so is a resolution before the end of the year likely? let's of the pose that question to tony fratto. and a cnbc contributor. tony, good morning. are we actually going to get a deal? >> morning, kelly. boy, before the end of the year, i think that was your standard. i think it's getting to be more and more unlikely, kelly. i think when you see the kind of language and -- but actual language and body language that we saw yesterday, it looks farther away. but, look, i've long felt that this was a deal that could only happen after the new year
for 98% of americans and raise the debt celling so we can at least for a year put washington in the rear-view mirror. wow, can you believe that? there'll be some spending cuts to apiece the republicans, too, once they've bothered to identify the cuts they actually want. as much as some may believe that there's no incentive to run partisanship, the dramatic rates of income these fiscal rates give to tens of millions of americans who happen to be voters. of the 2 million jobs that could be lost, 1 million of them will most likely comes from the defense sector. at a time when china is rising. you see those planes land on that aircraft carrier this week? the middle east is boiling. i don't know. did we really want that big defense budget cut? i mean, maybe nothing more than the decline in spending is the war in afghanistan winds down. saving about half a trillion dollars over the time. maybe more. the areas where the defense job losses take place they look mighty red to me, at least on the electoral map. yes, you'll have to say goodbye to the fabulous 15% dividend rates and the capital gains
Search Results 0 to 11 of about 12 (some duplicates have been removed)